MEDICAL IMAGING REAGENTS MARKET ANALYSIS

Regional Analysis

Global Medical Imaging Reagents Market: Regional Insights

Based on geography, the global medical imaging reagents market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Among regions, North America is expected to gain highest share in the market during the forecast period due to the rise in prevalence of chronic disease, growing number of medical and diagnostic imaging procedures, rising demand for medical imaging reagents, and rising number of diagnostic imaging centres in the U.S. For instance, diagnostic imaging services are used to deal with a variety of chronic diseases. According to the Centers for Disease Control and Prevention (CDC), chronic diseases such as heart disease, cancer, and diabetes are the leading causes of death and disability in the United States. This in turn is driving the market growth.

Europe and Asia Pacific are also expected to witness robust growth in the global medical imaging reagents market owing to the rise in burden of chronic disease, rising demand for medical imaging reagents, rise in demand for diagnostic imaging procedures, and technological advancements. For instance, with the rise in burden of cancer, the demand for imaging reagents is also increasing to improve cancer diagnosis. India’s cancer cases could increase by 12% in the next five years, with 1.5 million people projected to suffer from the non-communicable disease by 2025, up from 1.39 million in 2020, according to the Indian Council of Medical Research (ICMR).